Reflect Offers 0.20 USDC Plus 80 RC Per Unit To Drift Hack Victims

Reflect launches a 180-day voluntary buyback for USDC+ holders impacted by the April Drift exploit, offering immediate on-chain settlement via Palindrome Engineering.

Woofun AI reports that Reflect, an a16z-backed stablecoin protocol, has initiated a voluntary recovery program for USDC+ holders affected by the April hack of Drift (now Velocity). The plan allows participants to sell their positions to Palindrome Engineering at a fixed rate of 0.20 USDC plus 80 Reflect Credit (RC) per unit, with full on-chain settlement available during a 180-day window starting today. Funded upfront by Palindrome, this initiative operates independently from the official Drift recovery process. Participants must waive any claims against Drift in exchange for immediate liquidity, while non-participants retain the option to utilize Drift's DFX recovery channel.